Hong Kong
Hong Kong shipped 6 kt of CBAM goods to the EU in 2025 (0 % of all CBAM imports, down 15 % on 2024). Most of the exposure comes from iron and steel. At default values the 2026 CBAM bill would be about €1.4 m, ranking it 61th of 152 countries.
6 ktEU imports, 2025
€27.9 mcustoms value
€1.4 mCBAM exposure 2026
€248/taverage per tonne
What it exports
Steel 62 %Aluminium 25 %Fertilisers 12 %Cement 0 %
| Sector | Tonnes 2025 | Value | Exposure 2026 | 2034 |
|---|---|---|---|---|
| Iron and steel | 4 kt | €17.9 m | €1.1 m | €1.7 m |
| Aluminium | 1 kt | €9.5 m | €273 k | €530 k |
| Fertilisers | 720 t | €407 k | €106 k | €156 k |
| Cement | 19 t | €72 k | €1 k | €2 k |
Products with the largest exposure
Default value (2026, incl. mark-up) and CBAM benchmark in tCO₂e per tonne. For 100 % of the tonnage no country-specific default is published, so the higher “other countries and territories” value applies.
| CN code | Product | Tonnes | Default | Benchmark | Exposure |
|---|---|---|---|---|---|
| 7308 90 98 | Structures and parts of structures of iron or steel, n.e.s. (excl. bridges and bridge-se… other countries | 725 t | 5.570 | 1.491 | €246 k |
| 7326 90 98 | Articles of iron or steel, n.e.s. other countries | 726 t | 4.566 | 1.491 | €186 k |
| 3102 10 90 | Urea, whether or not in aqueous solution, containing ≤ 45 % by weight of nitrogen on the… other countries | 700 t | 2.687 | 0.882 | €105 k |
| 7307 93 11 | Butt welding elbows and bends, of iron or steel, with greatest external diameter ≤ 609,6… other countries | 309 t | 4.480 | 1.383 | €80 k |
| 7610 90 90 | Structures and parts of structures, of aluminium, n.e.s., and plates, rods, profiles, tu… other countries | 458 t | 3.533 | 1.493 | €78 k |
| 7308 10 00 | Bridges and bridge-sections, of iron or steel other countries | 187 t | 5.570 | 1.491 | €63 k |
| 7604 29 90 | Solid profiles, of aluminium alloys, n.e.s. other countries | 349 t | 3.576 | 1.493 | €61 k |
| 7616 99 90 | Articles of aluminium, uncast, n.e.s. other countries | 259 t | 4.281 | 1.485 | €60 k |
| 7220 20 49 | Flat-rolled products of stainless steel, of a width of < 600 mm, not further worked than… other countries | 124 t | 5.522 | 1.270 | €44 k |
| 7311 00 30 | Containers of iron or steel, seamless, for compressed or liquefied gas, for a pressure <… other countries | 107 t | 5.924 | 1.364 | €41 k |
| 7307 11 90 | Tube or pipe fittings of non-malleable cast iron (excl. products of a kind used in press… other countries | 119 t | 4.322 | 1.409 | €29 k |
| 7308 90 59 | Structures and parts of structures, of iron or steel, solely or principally of sheet, n.… other countries | 83 t | 5.570 | 1.491 | €28 k |
Outlook
Same 2025 volumes, same certificate price (€82.32), default values throughout.
2026€1.4 m10 % mark-up, 97.5 % free allocation
2030€2.1 m30 % mark-up, 51.5 % free allocation
2034€2.4 m30 % mark-up, no free allocation
Where it sits on the map
Read more
Nearby in the ranking: Ghana, Philippines, Tajikistan.
Sources: Eurostat Comext (DS-045409), annual 2025; Implementing Regulations (EU) 2025/2621 and 2025/2620. See methodology.